A new study reports that Sanford Health boosted the economies of Minnesota, Iowa, North Dakota and South Dakota by a total of $11.9 billion in 2020.
The study found that more than 73,000 jobs generating $4.7 billion in wages and earnings in 2020 were directly and indirectly attributed to Sanford Health, which is also the largest employer in South Dakota and one of the largest employers in North Dakota. Sanford Health contributed $4.5 billion to economic activity in South Dakota and $4.3 billion in North Dakota in 2020. Minnesota saw a $2.6 billion economic impact from Sanford Health, while Iowa benefited from $361.9 million in economic activity.
The study was conducted by an external firm utilizing IMPLAN, a nationally recognized economic impact modeling system based on 2019 data to calculate the 2020 impact from Sanford operations in North Dakota, South Dakota, Minnesota, and Iowa. The methodology estimates economic relationships among industries, households and government.